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Sep 11, 2012
09/12
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concerns about a wlum bettering united states economy and who know what is will happen in europe and you can understand why there's several hot spots of concern. one of the leading industrials was the head of nissan worried about china and to a certain extent, but not so much for economic reasons, but because of sovereignty claims between japan and the prc. >> it's a worrying situation. anything which is taking place between two countries which have everything to complement each other and to work together, everything that could become a threat into distorting the relationship is worrying obviously for a major economy. i still think that hopefully wisdom will try to resolve the issues, but you never know. >> and setting asided china, what about the u.s. economy. people there tonight have enough household savings. how could they possibly support a company like nissan. surprisingly, he says america not a problem. it's the other side of the atlantic. >> our worry is not the u.s. market. u.s. market is going fine. today our worry of most companies in europe, this is where most trouble are
concerns about a wlum bettering united states economy and who know what is will happen in europe and you can understand why there's several hot spots of concern. one of the leading industrials was the head of nissan worried about china and to a certain extent, but not so much for economic reasons, but because of sovereignty claims between japan and the prc. >> it's a worrying situation. anything which is taking place between two countries which have everything to complement each other and...
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Sep 21, 2012
09/12
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we'll debate what it means for your money and what it means for us in the united states. ♪ ♪ i can do anything ♪ i can do anything today ♪ i can go anywhere ♪ i can go anywhere today ♪ la la la la la la la [ male announcer ] dow solutions help millions of people by helping to make gluten free bread that doesn't taste gluten free. together, the elements of science and the human element can solve anything. solutionism. the new optimism. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national
we'll debate what it means for your money and what it means for us in the united states. ♪ ♪ i can do anything ♪ i can do anything today ♪ i can go anywhere ♪ i can go anywhere today ♪ la la la la la la la [ male announcer ] dow solutions help millions of people by helping to make gluten free bread that doesn't taste gluten free. together, the elements of science and the human element can solve anything. solutionism. the new optimism. oh, hey alex. just picking up some, brochures,...
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Sep 24, 2012
09/12
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obviously helped from sales in the united states and china. and then you have the latins, french and italians facing substantial issues of sales and excess capacity. fiat closed a factory in siscil, but that was done at financial costs. >> as an investor, all the political pressure to stay in italy comes potentially at what might be in the company's best interests longer term. >> i think will is really the issue. i think one of the quid pro quo for closing the plant in sicily was to actually at least bring more production back into italy from poland and this is the new one they started producing at the beginning of the year and they already announced short time working so it's still not selling. >> is that reflective of concerns in europe or does it scare with what we heard out of daimler which was talk about slowing europe and china sales trends. >> daimler and mercedes specifically highlighted problems in southern europe. that plays into fiat's main market. >> and meanwhile journalist who had the story we're talking about fiat now plans to r
obviously helped from sales in the united states and china. and then you have the latins, french and italians facing substantial issues of sales and excess capacity. fiat closed a factory in siscil, but that was done at financial costs. >> as an investor, all the political pressure to stay in italy comes potentially at what might be in the company's best interests longer term. >> i think will is really the issue. i think one of the quid pro quo for closing the plant in sicily was to...
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Sep 4, 2012
09/12
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china, europe, and the united states. look, we know that china used to be one of the world's great growth engines. it almost single handedly kept the global economy afloat during the global recession. but after playing the roe of the world's economic engine for so long, the chinese locomotive seems to be in danger of running off the rails. each piece of data is weaker than the last. so what's good about that? well, the slowdown in china seems somewhat self-inflicted. governments hit the brakes and in many ways still seems like it's happening. the hope is the chinese will start cutting rates, adding real octane to the down shift in their economy. how about europe? the european central bank meeting this week and we're expecting to hear some chatter in unison that's going to ereverse the declining economies over there and maybe unite to save the spanish banking system. you can monitor these efforts by watching the largest spanish bank which has been climbing ever since it bottomed at $4 and change. $7 stock finishing up 0.18
china, europe, and the united states. look, we know that china used to be one of the world's great growth engines. it almost single handedly kept the global economy afloat during the global recession. but after playing the roe of the world's economic engine for so long, the chinese locomotive seems to be in danger of running off the rails. each piece of data is weaker than the last. so what's good about that? well, the slowdown in china seems somewhat self-inflicted. governments hit the brakes...
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Sep 21, 2012
09/12
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those viewers in the united states waking up, why are the apple workers in paris upset? >> for the last week, they've been extremely it is grunt he willed. all over the french media, they've been meeting with different management, complaining, in pact one of them was quoted as saying working at apple is like working in a coal mine. they've been complaining that they have to work longer hours than what they're paid for, that they don't get any commissions uneven though they're under constant pressure to sell. they're monitored by cameras in the stores and looking for things like a 13th month of pay as a bonus, higher pay and water fountains in the store. some of these things are standards for french workers, but they're complaining that apple has been extremely resistant to provide them these things. in fact they say they've been fighting for three years for the 13th month of pay. so at the end of yesterday, there was a sort of last resort meeting at which it was decided that these issues would be revisited before the end of the year, that the company would consider them
those viewers in the united states waking up, why are the apple workers in paris upset? >> for the last week, they've been extremely it is grunt he willed. all over the french media, they've been meeting with different management, complaining, in pact one of them was quoted as saying working at apple is like working in a coal mine. they've been complaining that they have to work longer hours than what they're paid for, that they don't get any commissions uneven though they're under...
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Sep 21, 2012
09/12
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one of the many topics we covered was the possibility of a significant downturn in the united states economy. >> so if you have a downturn, there's a possibility that you don't have that right mix and that you could have a downturn. the odds of that are comparatively low but i worry about it because it's significant possibility. i described it as though, imagine you're on an airplane that's flying from here to los angeles, you're probably going to get there okay but if you hit an air pocket and meaning if the economy goes down, there's not an easy way to reverse it. monetary policy is less effective because when you buy a bond, when the federal reserve makes a purchase, that has the effect of giving money to somebody who won't put that money into something like that bond. and that money does not easily go to people who spend it, that's a balance between monetary and fiscal policy and i worry about the policymakers getting that balance right. that's a possibility and a scary possibility. other than that, i think the most likely situation is we will fly successfully from here to los an
one of the many topics we covered was the possibility of a significant downturn in the united states economy. >> so if you have a downturn, there's a possibility that you don't have that right mix and that you could have a downturn. the odds of that are comparatively low but i worry about it because it's significant possibility. i described it as though, imagine you're on an airplane that's flying from here to los angeles, you're probably going to get there okay but if you hit an air...
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Sep 18, 2012
09/12
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let's remind you what's on the agenda in the united states. second quarter current account figures are out at 8:30 eastern. followed by the national association of home builders monthly survey at 10:00. a trio of fed officials speaking about the economy today. charles evans and bill dudley and jeff lacker p. richard fisher will be on "squawk box" at 7:00 eastern. it does start earlier than that, though, it starts at 6:00. >> and no reason to stop watching after we go off the air basically. still with us is david kelly from the u.s. about. which of those events will be most important for positioning in your view or is apple's iphone going to come to our rescue here? >> i think people are assuming that the iphone will be a big success. i'm not an expert in apple, but it's kind of baked in that they will do very well. the interest being one to me is the national association of home builders index. s housing is recovering in the united states. home prices are beginning to move up. that's helping with wealth and confidence and generate more home bu
let's remind you what's on the agenda in the united states. second quarter current account figures are out at 8:30 eastern. followed by the national association of home builders monthly survey at 10:00. a trio of fed officials speaking about the economy today. charles evans and bill dudley and jeff lacker p. richard fisher will be on "squawk box" at 7:00 eastern. it does start earlier than that, though, it starts at 6:00. >> and no reason to stop watching after we go off the air...
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Sep 24, 2012
09/12
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we're gaining market share here in the united states and the riots in china over the weekend support our notion that in the future do you want to put manufacturing facilities overseas or in the united states? this weekend is why you want to put them in the united states. >> peter, tell me what the market right now is saying to you. it would seem to me that since bernanke came out a week or so ago with the announcement of qe3 that the market has kind of moved back a little bit. we've had a few sort of down days as though the market were saying, he gave us what we expected and now it's time to get a little smart. >> it's time to get smart. the earning season could be choppy. i think a lot of people are waiting for that. actually, that's a smart move. don't think you'll see much in the next probably three weeks that will motivate anybody in either direction very seriously. i would like to say i'm a little more positive about it. i think i might be in the minority on this, but i do think we'll probably see some surprises -- >> you got the earnings season right up against the election, wh
we're gaining market share here in the united states and the riots in china over the weekend support our notion that in the future do you want to put manufacturing facilities overseas or in the united states? this weekend is why you want to put them in the united states. >> peter, tell me what the market right now is saying to you. it would seem to me that since bernanke came out a week or so ago with the announcement of qe3 that the market has kind of moved back a little bit. we've had a...
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Sep 21, 2012
09/12
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states and overestimating the risks within the united states. >> he's talking about the stock market rising possibly 40% over the next two years. is he right? >> god bless him. i hope he's right. i'm quite bullish. i'm not sure i'm quite that bullish, but i hope he's right. i think if that's going on happen, the profit cycle must begin to turn off. you kneed the s&p 500 profit cycle to turn up. i think if that happens in conjunction with lower interest rates, then, yeah, i think you could about the build up. if you had that confluence of events, yeah, you could melt up. >> there also is a possibility, rich, that profit cycle does slow down, but they take all that cash and they buy back 8 billion in stock like nike or they boost the dividend like cisco. >> exactly. or they start buying smaller and midcap companies that kooem keep growing. they're eventually going to have to buy growth. it's my opinion they're going to go down to midcap and smaller cap companies to buy that growth over the next couple of years. >> good stuff. have a great weekend. >> thank you. see you later, guys. >>>
states and overestimating the risks within the united states. >> he's talking about the stock market rising possibly 40% over the next two years. is he right? >> god bless him. i hope he's right. i'm quite bullish. i'm not sure i'm quite that bullish, but i hope he's right. i think if that's going on happen, the profit cycle must begin to turn off. you kneed the s&p 500 profit cycle to turn up. i think if that happens in conjunction with lower interest rates, then, yeah, i think...
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Sep 21, 2012
09/12
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one of the things people consistently say is pick stocks that have big exposure to the united states, not so much to europe or china or other areas of the world slowing perhaps more dramatically than we are and having other issues. >> that's a good point and that is true but when you look at a gdp tracking somewhere in the low 1% range that's really going to impact small company earnings. what we've actually talked about with clients is you want those companies that aren't really economically centric you want companies that are going to be more secular growth stories, companies that don't rely on the economy, they may have a particular product, they may have a particular niche, kind of growing their business, but more -- less economically sensitive, more growth centric or sort of the one of the plays you want to make in terms of a slowing, in the overall economy. >> steve, small caps traditionally lead on the way up, outperform significantly in a lot of rallies and on the declining markets the bear markets they lead the market down tra dagsally. >> right. >> you have to be worried abo
one of the things people consistently say is pick stocks that have big exposure to the united states, not so much to europe or china or other areas of the world slowing perhaps more dramatically than we are and having other issues. >> that's a good point and that is true but when you look at a gdp tracking somewhere in the low 1% range that's really going to impact small company earnings. what we've actually talked about with clients is you want those companies that aren't really...
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Sep 6, 2012
09/12
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there actually in the united states has been a dip in new starts. usually there's an upswing in new starts in the recession. we have a very unusual recession going on here. i think it's largely driven by the origins of the recession, that it was a finance-based recession. this has rippled through in terms of credit into the economy and it's changing the nature of available capital resources for startups. although your concern is logical, i don't think it's what's happening right now. >> the number one concern people have about the u.k. is the proximity to europe. this seems to be the number one issue. you can't do anything about the back drop. the government has pinned its hopes on programs like the funding for lending scheme. do you think this does anything to encourage small businesses? >> there's a couple of points in there. i completely agree that we have a challenge that our largest trading partner is the e.u. there's little to be done about that per se. but funding -- the lending for business scheme is a challenge in the startup context in a n
there actually in the united states has been a dip in new starts. usually there's an upswing in new starts in the recession. we have a very unusual recession going on here. i think it's largely driven by the origins of the recession, that it was a finance-based recession. this has rippled through in terms of credit into the economy and it's changing the nature of available capital resources for startups. although your concern is logical, i don't think it's what's happening right now. >>...
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Sep 13, 2012
09/12
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what bothers me is see a public argument between israel and the united states. you never want to see that and put it in private and have a united front in public. i would hope israelis would trust the united states we will block iran and deal with the iran question on our terms and a time of our koosing. i don't think it's smart with the israelis or prime minister to think he should attack soon. i do think there's an increasing realization within israel they're better off working with the united states on this question and not going it alone. >> thank you. thank you very much. >>> former undersecretary of state nick burns and former secretary of state paul wolfowitz and abc broadcaster, john bachelor, thanks to all of you. >>> coming up, new fed firepower sends stocks soaring, the biggest finish since 2007. >>> and is the fed carrying obama's water? has it gone rogue? is it election year manipulation and just plain old election politi politics? free market capitalism the best path to prosperity. i wish we had a whole lot more on the middle east but not much at t
what bothers me is see a public argument between israel and the united states. you never want to see that and put it in private and have a united front in public. i would hope israelis would trust the united states we will block iran and deal with the iran question on our terms and a time of our koosing. i don't think it's smart with the israelis or prime minister to think he should attack soon. i do think there's an increasing realization within israel they're better off working with the...
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Sep 27, 2012
09/12
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for 30 some years at manytendet different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy
for 30 some years at manytendet different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that...
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Sep 7, 2012
09/12
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states. it has a nationwide idea here. it has its own $5 instead of $1 niche. it doesn't sell cold weather gear. paloalto gives you cyber security. i think they will both tell us good things. tuesday morning, we hear from united natural foods. what a horse this has been. no ending to the theme of natural foods. just a limited number of players. this could refocus people on haines celestial and whole foods. neither is cheap but i think they go higher over time. mondays tend to be down days because people keep waiting for the chinese to act. we need tome the them to get busy cutting. i suspect we'll be down on monday. uh suggest you use deep in the money strategies to buy hain or whole foods. if they are down and today's losses whole foods came back the other day. unfi's numbers could get them moving. ideas. whole foods january 80 calls or february 65 calls for hain. not a lot of premium. you get stopped out t at a level higher than the stocks could go if they disappointed. how about wednesday?
states. it has a nationwide idea here. it has its own $5 instead of $1 niche. it doesn't sell cold weather gear. paloalto gives you cyber security. i think they will both tell us good things. tuesday morning, we hear from united natural foods. what a horse this has been. no ending to the theme of natural foods. just a limited number of players. this could refocus people on haines celestial and whole foods. neither is cheap but i think they go higher over time. mondays tend to be down days...
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Sep 4, 2012
09/12
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basically, the inefficient use of some of the stimulus money in the united states really misallocated resources. we could have done a better job in terms of how we spent the money. again, even the president made fun of the fact that a lot of projects simply weren't shovel-ready. i think how we spend the money is very, very important overall. also, finally, i would just comment there is a budget constraint with respect to fiscal spen pentagon. so, as we saw in om of the european economies, spending more money when it's perceived that over the long run it's going to be more and more difficult for you to meet that budget constraint in term of paying that money back doesn't do you a lot of good in terms of perhaps a weaker dollar, a higher inflation expectations, higher real interest rate over time. so i think, again, i think the professor has it right. there are limits to fiscal policy, especially given the large debt to gdp rashs that we have in the united states. >> john, thank you for getting up for us this morning. steve horowitz will stay with us and we'll talk about a alternatives.
basically, the inefficient use of some of the stimulus money in the united states really misallocated resources. we could have done a better job in terms of how we spent the money. again, even the president made fun of the fact that a lot of projects simply weren't shovel-ready. i think how we spend the money is very, very important overall. also, finally, i would just comment there is a budget constraint with respect to fiscal spen pentagon. so, as we saw in om of the european economies,...
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Sep 8, 2012
09/12
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states. that's got a nation-wide idea here. it has its own $5 instead of $1 niche. it's not a store that sells cold weather gear. palo a arkz lrkz orkalo alto gi cyber security. attitude morning we hear from united statesed natural foods. what a horse this has been. no way they can get this team of natural foods just a limited number of players. i think this could refocus people on haynes celestial and whole foods, neither is cheap. i still think they represent great values and can go higher over time. mondays tend to be down days as ritual in this market. why? because people keep waiting for the chinese to act and they're still hiding on the other side. we need them to get busy cutting. if they don't i suspect they'll be down again monday. invest in the co-op strategies getting back to even to buy haynes and whole foods. today's losses whole foods came back at the end of the day. i think unfi's number could refocus people and get those two moving. whole foods january 80 calls or february 65
states. that's got a nation-wide idea here. it has its own $5 instead of $1 niche. it's not a store that sells cold weather gear. palo a arkz lrkz orkalo alto gi cyber security. attitude morning we hear from united statesed natural foods. what a horse this has been. no way they can get this team of natural foods just a limited number of players. i think this could refocus people on haynes celestial and whole foods, neither is cheap. i still think they represent great values and can go higher...
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Sep 27, 2012
09/12
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hepatitis c is about five times more prevalent than hiv here in the united states. there's about four to five million people infected with hepatitis c and about 2/3 of those individuals are unaware of their infection. there's a huge reservoir of unprotected infection. >> when i go to my doctor, should i be asking for a hep c test? >> the cdc just recommended that all baby boomers, everybody born between 1954 and 1965 be tested for hepatitis c. >> and that's your product that we'll be using. >> absolutely. it's a 20-minute test, it's highly accurate, it's laboratory accurate and it's out there in the market right now. >> we had the ceo on his big tv show. you have got a genetic problem that is and -- >> they are the market leader in oral collection systems for molecular diagnostic, ancestry.com makes their products and makes it available to their products so they can get better information about their gene yolg. there's another company that provides a consumer service for people who want to know what their genetic profile and any genetic risks. >> i don't want to emb
hepatitis c is about five times more prevalent than hiv here in the united states. there's about four to five million people infected with hepatitis c and about 2/3 of those individuals are unaware of their infection. there's a huge reservoir of unprotected infection. >> when i go to my doctor, should i be asking for a hep c test? >> the cdc just recommended that all baby boomers, everybody born between 1954 and 1965 be tested for hepatitis c. >> and that's your product that...
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Sep 11, 2012
09/12
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when it comes to the united states, the list is long. in front of an election i saw some young people a couple days ago and a question was put forth how do you define freedom? the young kids i think they were first or second grade had the same answer. the right to pick and choose how you want to live. but whether it's the light bulbs, whether it's the kind of cars you drive, whether it's which companies make it or not, which companies go through traditional bankruptcies, spent a lot of talk about gm and chrysler. i don't know how far ford would get down the road making a car that sold for $49,000. yes, i'm talking about the volt. that big story yesterday. i'm not saying whether that number is right or not. it gets the point across. the biggest issue of all is when the government takes over things like sally may and fannie and freddie, they limit your choices. they have government girth behind whether can you live in your house and how much it costs if you can't afford it. republican, freed so many about choice. your choice. back to you.
when it comes to the united states, the list is long. in front of an election i saw some young people a couple days ago and a question was put forth how do you define freedom? the young kids i think they were first or second grade had the same answer. the right to pick and choose how you want to live. but whether it's the light bulbs, whether it's the kind of cars you drive, whether it's which companies make it or not, which companies go through traditional bankruptcies, spent a lot of talk...
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Sep 18, 2012
09/12
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while largo and most important comes from the need to find oil in the united states where technology needs to exploit the new fields. tells you that a futures plunge takes forever. the price to climb for oil is not going to happen people. there is not a flut glut of oil. remember to buy the best of the breed. the names that are in the aih. i know my travel trust. it will be doing the exact same thing. stick with kramer. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest
while largo and most important comes from the need to find oil in the united states where technology needs to exploit the new fields. tells you that a futures plunge takes forever. the price to climb for oil is not going to happen people. there is not a flut glut of oil. remember to buy the best of the breed. the names that are in the aih. i know my travel trust. it will be doing the exact same thing. stick with kramer. i'll have more awkward conversations than i'm equipped for because i'm...
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Sep 12, 2012
09/12
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not just the united states. if only washington would recognize the imperative using our plentiful natural gas of which chesapeake is the second largest producer as a surface fuel. that's the issue, surface fuel. because of their battle for oil supplies if we were simply to harness the energy the continental chesapeake eog oil and gas, range, so many others have found in the last three years? all washington has to do is announce it supports natural gas for a fuel of service vehicles and it'll switch the fleets including the post offices trucks to nat gas. that would cause the big oil companies to convert their gas stations to include liquefied natural gas to compressed natural gas which would allow us to cut back on our oil imports for trucks. they consume about 25% of what we bring into this country. there are multiple reasons, cheaper fuel costs for americans. but ladies and gentlemen, it's the national security angle that matters more than any other. as we see what's going on in the middle east right now, and
not just the united states. if only washington would recognize the imperative using our plentiful natural gas of which chesapeake is the second largest producer as a surface fuel. that's the issue, surface fuel. because of their battle for oil supplies if we were simply to harness the energy the continental chesapeake eog oil and gas, range, so many others have found in the last three years? all washington has to do is announce it supports natural gas for a fuel of service vehicles and it'll...
WHUT (Howard University Television)
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Sep 30, 2012
09/12
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that is not what is happening in united states. >> we can learn? >> we can learn. >> thank you. >> "this is america" is made possible by the national education association, the nation's largest advocate for children and public education. poongsan corporation, forging a higher global standard. the ctc foundation. afo communications. and the rotandaro family trust. >> having heard so much about finland's successes in public education, i had a chance to sit and talk with tapio kosunen from the ministry of education in finland. why is education and finland -- wise education in finland so successful? what is the real answer? >> it is very much appreciated. >> appreciated? by the general public? >> by the general public and as a means to have a decent life. >> so, you are not so much concerned, i gather if i am hearing you correctly, not so much with scores and statistics, but more as a total human being? >> yes. that is the point. we do not use any standardized tests. >> would you say that again out loud? >> we do not use any standardized tests in finla
that is not what is happening in united states. >> we can learn? >> we can learn. >> thank you. >> "this is america" is made possible by the national education association, the nation's largest advocate for children and public education. poongsan corporation, forging a higher global standard. the ctc foundation. afo communications. and the rotandaro family trust. >> having heard so much about finland's successes in public education, i had a chance to sit...
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Sep 28, 2012
09/12
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. >> the inflation in the united states is clearly in the bottle, but it could just as easily get out of the bottle. is that your thesis for 2013? >> inflation is one of the risks of the thesis. the banks are being accommodating. one thing to remember the key factor would be velocity of money. it only goes up if lending increases and so an early beneficiary of that would be citigroup so you can think about that in the early days of that process as being a partial hedge. >> if rates go up for the wrong reasons, it could completely -- everything could get ratcheted down. isn't that true? >> i think we're quite a ways away from that risk playing out. we haven't seen much evidence of inflation so far. so we think that before you get anywhere close to that point, there will be opportunities for the fed to retreat from their strategy. but the other thing i want to touch on is what if rates go up? that's a positive for the net interest margins for citigroup. >> i want to interrupt quickly. just saw a flash that 49 billion is the need for capital for the nationalized banks in spain. that may
. >> the inflation in the united states is clearly in the bottle, but it could just as easily get out of the bottle. is that your thesis for 2013? >> inflation is one of the risks of the thesis. the banks are being accommodating. one thing to remember the key factor would be velocity of money. it only goes up if lending increases and so an early beneficiary of that would be citigroup so you can think about that in the early days of that process as being a partial hedge. >> if...
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Sep 13, 2012
09/12
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both natural gas going higher in the united states, making coal a little more advantageous, and using some signals that you follow closely in china, maybe some improvement there in july. has it continued along these positive lines? >> yeah, jim. we continue to believe that the markets, both in the u.s. and in china, have sort of found their bottom and they're beginning to move sideways right now. which is good because it's indicating a sign of stability. we do see an up side in both markets, and probably more evidence of that in the u.s. market right now because it took the decline sooner than china. but we have a lot of indicators that tell us that china's going to be stabilized for a while and begin to recover as well. so we feel pretty good about both markets. i just want to add that our business is largely driven by after-market, which is much more stable than original equipment. we do see volatility out of these markets on project expansions, which drive the demand for original equipment. the after-market subpoena much more stable for us and gives us that stability overall. we ca
both natural gas going higher in the united states, making coal a little more advantageous, and using some signals that you follow closely in china, maybe some improvement there in july. has it continued along these positive lines? >> yeah, jim. we continue to believe that the markets, both in the u.s. and in china, have sort of found their bottom and they're beginning to move sideways right now. which is good because it's indicating a sign of stability. we do see an up side in both...
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Sep 3, 2012
09/12
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states. euro/sterling, down a little bit. after that manufacturing pmi number came much better than expected. so interestingly enough, employment stilg still picking up in manufacturing. although it's still in contractionary territory. if you like pmi, you'll like china for the last couple of days. >> i think, ross, asian bourses mostly finished higher despite down beat manufacturing numbers from china. analysts say those weak readings could prompt supported policies from the central bank. the gape, 0.6% gold liner search off future fed. developers rally following the comments on building more affordable housing. the hang seng followed suit, helped by congress congress property place and internet giants. turning negative in late trade to end at a four-week low. lost over 6% after it proposed to revise down its stake back in march. energy places and industrials sent the kospi higher by .4%. samsung electronics lost a round after apple targeted four more cents on products. the afx 200 eked out
states. euro/sterling, down a little bit. after that manufacturing pmi number came much better than expected. so interestingly enough, employment stilg still picking up in manufacturing. although it's still in contractionary territory. if you like pmi, you'll like china for the last couple of days. >> i think, ross, asian bourses mostly finished higher despite down beat manufacturing numbers from china. analysts say those weak readings could prompt supported policies from the central...
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Sep 25, 2012
09/12
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also on the agenda today in the united states, two key data points .at s. housing recovery. expected to be up 1% for july. and we'll also have the latest consumer confidence report, this is the richmond fed manufacturing survey due out at 1:00 eastern. also an auction of two year treasury notes. >> speaking of economic indicator, here's one for you. southern europeans are cutting back on their coffee due to the economic downturn. consumption is down in italy and sman to levels not seen for the last five or six years. and perhaps in a silver lining for the rest of us, that's driving the price of coffee down. what do you cut back on in tough economic time times some do you still need the daily caffeine boost? two pounds a day really does add up. i know i'm equity of that myself. e-mail us or tweet us to respond to that or anything else you've heard on the program this morning. and speaking of twitter, on wednesday on cnbc, we'll have an exclusive interview with the twitter ceo. tweet your questions today using the #ask twitter. >> and angela merkel, we'll hear from an author w
also on the agenda today in the united states, two key data points .at s. housing recovery. expected to be up 1% for july. and we'll also have the latest consumer confidence report, this is the richmond fed manufacturing survey due out at 1:00 eastern. also an auction of two year treasury notes. >> speaking of economic indicator, here's one for you. southern europeans are cutting back on their coffee due to the economic downturn. consumption is down in italy and sman to levels not seen...
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Sep 5, 2012
09/12
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natural gas in the united states is cheaper than foreign locales. we have that as a cost advantage. we have cheaper electricity and better equipment on the ground. i would see u.s. exports of refined petroleum products continuing to grow, help the manufacturing centers, helping our business. >> say i'm a businessman with a lot of money. i listen to you. i want to open a refinery right next to you. is it tougher to site a refinery than we think? >> incredibly tough. >> we buihaven't built a lot. >> we modernized the plants we have. a year, two years in permitting, three or four in execution. building refineries in the country, very tough to do. the most lukely place it will happen is in the backyard of the existing plants. that's what we are doing for example in woods cross near salt lake city, utah. expanding from 30,000 to 44,000 barrels a day. >> one last question. i'm thinking why don't you own a thousand gas stations? you have the low cost refined product. you sell it to people. the other guys i follow have stations do they have the wrong model? >> we have high returns to capita
natural gas in the united states is cheaper than foreign locales. we have that as a cost advantage. we have cheaper electricity and better equipment on the ground. i would see u.s. exports of refined petroleum products continuing to grow, help the manufacturing centers, helping our business. >> say i'm a businessman with a lot of money. i listen to you. i want to open a refinery right next to you. is it tougher to site a refinery than we think? >> incredibly tough. >> we...
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Sep 26, 2012
09/12
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states. the diverse portfolio of high-quality stocks, income producers, and growth stocks with solid dividend boosts. and of course, some gold. these have all been the correct calls to make. i've stuck with it because i believe the europeans are not suicidal. so far, so good on that front. i believe the chinese economy will simply come back by the virtue of the fact there is still tremendous urban migration within china. i believe the accommodative stance will serve as a bridge over a troubled fiscal cliff and will not take us down. at the same time, the fed's stance will continue to make higher dividend-paying companies in to gems that will all speak as a way to generate income. we'll continue to want to buy the stocks of cash-rich countries with yields that well exceed treasuries. and yes, we're going to want to own a lot of gold, specifically because there isn't a nation that doesn't want its currency lower in order to spur growth. you need a real reserve currency, not the dollar, and that
states. the diverse portfolio of high-quality stocks, income producers, and growth stocks with solid dividend boosts. and of course, some gold. these have all been the correct calls to make. i've stuck with it because i believe the europeans are not suicidal. so far, so good on that front. i believe the chinese economy will simply come back by the virtue of the fact there is still tremendous urban migration within china. i believe the accommodative stance will serve as a bridge over a troubled...
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and turkey so as you see this and a high school it across the whole region in the united states who believed create this film is not cool at best and he has been taken in by american authorities for questioning now he has said that he does not look great making this film although he does with great the loss of life but we are hearing that he is considering releasing the full version of the film and certainly the demonstrations here in cairo have lost momentum right now it is essentially a mop up operation but as i'm speaking to you the street team is are still cleaning up the debris the goss the rocks and the stones that are left over from the last few days of my saying the united states and egypt are traditionally close talking as it does seem as if this relationship is very rocky at the moment the last word we heard from president barack obama is that he does not consider egypt and i while at the same time he does not consider them an enemy. dr serum charlie dean of the general school of international affairs think people should search deeper for the root cause of the protests. the produce
and turkey so as you see this and a high school it across the whole region in the united states who believed create this film is not cool at best and he has been taken in by american authorities for questioning now he has said that he does not look great making this film although he does with great the loss of life but we are hearing that he is considering releasing the full version of the film and certainly the demonstrations here in cairo have lost momentum right now it is essentially a mop...
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states of america will never retreat from the world. we will never stop working for the dignity and freedom that every person deserves it could be that the obama administration thinks by supporting revolutions by fostering regime change washington is winning the hearts and minds of the people in that part of the world but we sent events showed that's not quite so if you look at poll numbers that gauge public attitude towards the u.s. in different muslim countries u.s. approval rating is the same as it was under president george w. bush in some countries like pakistan it's much worse and these numbers have nothing to do with the infamous film but they do have something to do with us policies you know we can rap any kind of purple finger revolution we want people to have democracy and have freedom but at the end of the day when we look at the results of what's been accomplished over two decades of being in this region destabilizing the region we have hundreds of millions of people who have it in a lot of cases had their world turned upsid
states of america will never retreat from the world. we will never stop working for the dignity and freedom that every person deserves it could be that the obama administration thinks by supporting revolutions by fostering regime change washington is winning the hearts and minds of the people in that part of the world but we sent events showed that's not quite so if you look at poll numbers that gauge public attitude towards the u.s. in different muslim countries u.s. approval rating is the...
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Sep 24, 2012
09/12
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. >>> why is no one worried about the transports? here's a question i was asked three times on friday. three times this weekend online. until the rebound today, this group has been horrendously weak. lots of people actually really are worried about the transports or they wouldn't be asking about them. second, it doesn't seem to matter that lots of people are worried about the t
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy....
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Sep 5, 2012
09/12
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to see good retail in the united states. i see good housing in the united states. how many times did phil lebeau come on and say every single auto maker 14.5 million autos? i mean that's booming. union pacific, things are great. so you just get a picture that says, wait. need to go back to the u.s. again. >> three months of contracting isms. that's a problem. deutsche bank is out this morning saying if you correlate ism to the s&p you would either need a 10% correction in the market or ism back to 54 to justify the current level. >> well, if it's either/or -- the former certainly makes more sense. >> we keep it going. we're reflecting china and europe in the lack of growth in our economy or are they really going to bring us down? >> they reflected china in the chinese stock market which is really hideous. you want to see a real bear market, by the way, versus these european markets. we can say all the negative things you want but you made more money in germany this year so far than in the united states. something isn't it? >
to see good retail in the united states. i see good housing in the united states. how many times did phil lebeau come on and say every single auto maker 14.5 million autos? i mean that's booming. union pacific, things are great. so you just get a picture that says, wait. need to go back to the u.s. again. >> three months of contracting isms. that's a problem. deutsche bank is out this morning saying if you correlate ism to the s&p you would either need a 10% correction in the market...
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both the united states and libyan authorities are pointing at al qaida they say that the attack has the fingerprints of al qaida and al qaeda has released a statement and although it doesn't take responsibility directly for this attack in benghazi it has said that the attack was in response to the killing of all kind is the number to buy you a stroke is at the same time we're also hearing that the f.b.i. has to spend a visit to libya to deal with the investigation because of security concerns in that country now also on saturday there were demonstrations in the capital from city of paris where the demonstrations were taking place near the american consumers there have also been demonstrations in belgium and some american protesters there clashed with police and as i mentioned earlier demonstrations also taking place in yemen where the local client that has scored for more protests and also more killings of american stuff men those on saturday they believe one of the shots fired in yemen during clashes to prevent the crowds of protesters from reaching the american embassy there were also
both the united states and libyan authorities are pointing at al qaida they say that the attack has the fingerprints of al qaida and al qaeda has released a statement and although it doesn't take responsibility directly for this attack in benghazi it has said that the attack was in response to the killing of all kind is the number to buy you a stroke is at the same time we're also hearing that the f.b.i. has to spend a visit to libya to deal with the investigation because of security concerns...
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Sep 29, 2012
09/12
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sadly the prison market here in the united states is enormous, about $74 billion. i think corrections corp is a pretty long runway for growth. that's considering right now only about 10% of the prison population is outsourced. the stock had a massive run. trading at 20 times last year's earnings, 10% growth rate which would ordinarily make it too pricey for me end of story. the thing is corrections corp has been rallying in anticipation of the company converting to a real estate investment trust which gets special tax treatment as long as it returns 90% of its profits to shareholders in dividends. if the irs gives them permission you could see them popping 20% on the news. if the government rejects their weak conversion, you could see a decline. i would not buy corrections corp up there. not. if you already own it scale out of it into the lead conversion which should come in about three months. remember nobody ever got hurt taking a profit. >>> next up, last friday bill in california stumped me. well, i didn't want to offer an opinion yet. he wanted my opinion on s
sadly the prison market here in the united states is enormous, about $74 billion. i think corrections corp is a pretty long runway for growth. that's considering right now only about 10% of the prison population is outsourced. the stock had a massive run. trading at 20 times last year's earnings, 10% growth rate which would ordinarily make it too pricey for me end of story. the thing is corrections corp has been rallying in anticipation of the company converting to a real estate investment...
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Sep 5, 2012
09/12
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as far as what's on the agenda in the united states, second quarter productivity out at 8:30 eastern. forecasts calling for 1.9% growth. unit labor costs have seen rising by 1.4%. corporate side, discount retailer dollar general reports figures before the open. after the close we'll hear from the likes of h&r block, harry winston and menswear house. that's the agenda for you today. >>> meanwhile, a leaked report from troika suggests imposing a six-day work week on greece as a condition of bail outs. we want to know, is that fair or is the troika going too far? jeff tweets in to say, no, six-day work week is not fair. don't punish workers for government's mismanagement and stupid. join the conversation here on "worldwide exchange." get in touch by e-mail or tweet us @cnbcwex or individually. ross? >> do that and still to come, david cameron is under spotlight as he faces questions in parliament following yesterday's cabinet reshuffle. > >>> welcome back to the program. these are your headlines. fedex cutting forecasts. >>> u.s. services pmi shows a slump on the eve of a key ecb meeting
as far as what's on the agenda in the united states, second quarter productivity out at 8:30 eastern. forecasts calling for 1.9% growth. unit labor costs have seen rising by 1.4%. corporate side, discount retailer dollar general reports figures before the open. after the close we'll hear from the likes of h&r block, harry winston and menswear house. that's the agenda for you today. >>> meanwhile, a leaked report from troika suggests imposing a six-day work week on greece as a...
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Sep 14, 2012
09/12
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we need that here in the united states, too. we have to get our mojo back. >> we have to leave it there. congratulations. we wish you lots of luck. >> watch the space, entrepreneurs in greece. >> well. joe. >>> coming up, bart chilton has september a letter to ben bernanke, and we'll see the note even before he does. >>> best and worst cities for travel taxes revealed. here's today's road warrior report. business travelers visiting the windy city will be hit by a storm of taxes. that's according to a brand new study released by the global business travel association. they claim chicago hits u.s. travelers the hardest when you combine sales and travel taxes to the tune of more than $40 per day. on average that's 81% higher than ft. lauderdale, florida, has has the lowest tax burden of just over $22 per day. the chicago convention and tourism bureau didn't respond to our request for comment. see the full list of the best and worst cities for travel taxes at road warrior.cnbc.com up. a short word that's a tall order. up your game.
we need that here in the united states, too. we have to get our mojo back. >> we have to leave it there. congratulations. we wish you lots of luck. >> watch the space, entrepreneurs in greece. >> well. joe. >>> coming up, bart chilton has september a letter to ben bernanke, and we'll see the note even before he does. >>> best and worst cities for travel taxes revealed. here's today's road warrior report. business travelers visiting the windy city will be hit...
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Sep 10, 2012
09/12
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KCSMMHZ
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froze the group's assets in the united states in a move that is hardening the taliban. here's our report. >> reporter: the haqani network has repeatedly launched terrorist attacks in neighboring afghanistan. the u.s. accuses pakistan of supporting the group, but pakistan dismissed it, wh which has become a sticking point in bilateral relations. the pakistani government raised the u.s. classification in a statement and calls the move a u.s. internal member. it adds the members of the network are not pakistani citizens and pakistan cannot answer for any of their actions. the u.s. have often urged pakistan to mount military operations against the haqani network at its stronghold in northwestern pakistan. following the designation of the network as a terrorist organization, the usa could put even more pressure on pakistan to take action. >> thank you very much. >> reporter: meanwhile, the taliban is ramping up its resistance. one of the taliban members involved with secret talks with the u.s. in qatar gave a warning when he spoke to nhk last month. >> it will pay to have in
froze the group's assets in the united states in a move that is hardening the taliban. here's our report. >> reporter: the haqani network has repeatedly launched terrorist attacks in neighboring afghanistan. the u.s. accuses pakistan of supporting the group, but pakistan dismissed it, wh which has become a sticking point in bilateral relations. the pakistani government raised the u.s. classification in a statement and calls the move a u.s. internal member. it adds the members of the...
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Sep 13, 2012
09/12
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universities, over 40 universities in the united states and we've created over 20 companies to date and hundreds of jobs in those companies. >> a lot of people believe in this charged election season that business and the government can't work together, can't collaborate. i assume that this is an example that you would say belies that premise. >> we absolutely agree that the government and private equity can work together. there are many challenges that the dod is facing and they're coming up with solutions, technical solutions to that in cyber security, in wireless communications. those things have direct applications to the commercial marketplace and we can create companies around those and go to market here in the u.s. with them. >> give me some examples where in the past, defense oriented technologies or defense developed technologies have become a successful private market products and tell me as you think about this intellectual property that the government owns, what do you think has the most promise now for the next gen products? >> dod labs had had long been a rich source of in
universities, over 40 universities in the united states and we've created over 20 companies to date and hundreds of jobs in those companies. >> a lot of people believe in this charged election season that business and the government can't work together, can't collaborate. i assume that this is an example that you would say belies that premise. >> we absolutely agree that the government and private equity can work together. there are many challenges that the dod is facing and they're...
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Sep 7, 2012
09/12
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking.
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada......